CSQ - 2005 Budget


2005 Spring Quest Budget

The budget for the 2005 Spring Ques event incorporates a net surplus to underwrite overhead costs that are shared by all events (newsletters, bulk mail fees and board meetings). The targeted attendance for budget purposes is 60 Full-time participants.

Spring Quest - 2005 Proforma Budget

4060100Number of Full Time Equivalent Participants
Learning Circle Fees$150$300$480
T-Shirt income$195$195$195
Total Income$3,745$5,595$9,175
Facilities Rental$1,000$1,000$1,000
Meals - participants$800$1,200$2,000
T-shirt expense$357$357$357
Learning Circle & Ritual Materials$240$360$600
Misc. Admin Expense$90$135$225
Total Expenses$3,443$4,008$5,138
Net Surplus (Deficit)$302$1,587$4,037

Fiscal year 2003 was a financial disaster for Carolina Spirit Quest, Inc. We ended the year with a net worth of about $20. Serious consideration was given to disbanding the organization. We were able to survive only because some of the members were willing to forgo timely repayment of expenses. A combination grant and loan totalling $500 from Celebrate the Circle gave us the funds to conduct Winter and Spring Quest 2004 and start us on the way back to financial health.

Statement of Financial Possition
July 31, 2003    July 31, 2004
 Prepaid Expense$1,000
  Total Assets$1,221
Liabilities & Net Assets
 Accounts Payable$1,200
 Net Assets$21
  Total Liabilities & Net Assets$1,221

For more information about Carolina Spirit Quest, please contact info@carolinaspiritquest,org.
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Last updated 3/12/05